The rate for a 30-year fixed-rate mortgage averaged 6.99% this week, down from last week when it averaged 7.03%. A year ago, the 30-year rate was 6.71%. The rate for a 15-year fixed-rate mortgage averaged 6.29%, down from last week when it averaged 6.36%. A year ago, the rate was 6.07%
Bankers face challenges and opportunities in multiple key areas.
ABA offered several recommendations for how the IRS should implement a new tax benefit for lenders serving rural and agricultural communities, which was included in a tax package passed by Congress last year.
High Plains Banking Group in Flagler, Colorado, has agreed to buy First National Bank of Hugo in Colorado.
ABA said it supports a proposal by the OCC to revise licensing requirements for community banks as part of a broader effort to reduce the overall regulatory burden on the institutions.
ABA released its 2026 Blueprint for Growth, outlining its top policy priorities for the year ahead. Developed by ABA’s Government Relations Council, the Blueprint will shape the association’s ongoing engagement with Congress and the administration on the most...
ABA joined four other associations to request that the FDIC push back the deadline for comment on its proposal to create a process through which banks can seek agency approval to issue stablecoins through a subsidiary.
